Will Facebook be more profitable than Amazon this year? TechCrunch founder Michael Arrington thinks so.
Arrington, writing on his new blog, Uncrunched, cited a source who said that Facebook generated $1.6 billion in revenue during the first half of 2011 and an operating income of $800 million. Assuming that same profit margin carries through the year, Arrington says, Facebook could tally an operating income of $2 billion this year.
It gets better, Arrington says. During the first half of the year, Arrington points out that Amazon posted an operating income figure of $523 million, which Facebook easily overshadowed. And … Read more